Nifty

:

22421.95

Sensex

:

71909.70

-198.50 (-0.88%)
-570.59 (-0.79%)

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Nifty
Sensex

:
:

22421.95
71909.70

-198.50 (-0.88%)
-570.59 (-0.79%)

Hatsun Agro Product Ltd.

Milk Products

Rating :

68/99

BSE: 531531 | NSE: HATSUN

Watchlist

NSE BSE

1118.10

01-Oct-2026

Open
High
Low
Previous Close

1099
1122.1
1078.3
1099.00

Volume
Traded Value (lacs)
52 Week High
52 Week Low

22578
24805861.6
1349.7
855.3

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

24,845.34
66.81
1

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

26,126.10
0.54%
11.96

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

9.02
9.35
7.62

EBITDA CAGR (%)

10 Years
5 Years
3 Years

11.99
10.22
5.47

PAT CAGR (%)

10 Years
5 Years
3 Years

10.16
7.49
10.05

P:E (Median)

8 Years
5 Years
3 Years

87.31
89.33
73.46

P:BV (Average)

8 Years
5 Years
3 Years

15.35
15.48
13.28

EV:EBITDA (Average)

8 Years
5 Years
3 Years

26.56
27.59
24.20

Earnings Forecasts:

(Updated: 27-09-2026)

Description 2026 2027 2028 2029
Adj EPS 15.99 22.87 28.67 40.7
P/E Ratio 69.92 48.89 39.00 27.47
Revenue 9946.06 11241.1 12620.2 13983.4
EBITDA 1176.62 1308.45 1487.1 1891.7
Net Income 356.2 509.05 638.95 906.3
ROA 7.65 11 13 17
P/B Ratio 12.81 - - -
ROE 19.45 24.76 26.8 33
FCFF 1008.16 433.21 627.54 527
FCFF Yield 3.73 1.6 2.32 1.95
Net Debt 1787.06 1306.55 938.7 1546.7
BVPS 87.28 - - -

Quarterly Results

Standalone Figures in Rs. Crores /

Consolidated

Description Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var%
Net Sales 3,090.49 2,534.91 21.92% 2,577.63 2,210.33 16.62% 2,314.63 2,009.75 15.17% 2,381.32 2,072.10 14.92%
Expenses 2,739.79 2,164.62 26.57% 2,342.34 1,982.33 18.16% 2,057.52 1,795.54 14.59% 2,050.64 1,830.96 12.00%
EBITDA 350.70 370.29 -5.29% 235.29 228.00 3.20% 257.11 214.21 20.03% 330.68 241.14 37.13%
EBIDTM 11.35% 14.61% 9.13% 10.32% 11.11% 10.66% 13.89% 11.64%
Other Income 2.89 3.31 -12.69% 2.58 8.43 -69.40% 2.47 2.25 9.78% 4.06 6.62 -38.67%
Interest 31.63 43.31 -26.97% 32.27 47.67 -32.31% 33.08 43.45 -23.87% 37.48 44.70 -16.15%
Depreciation 151.28 128.98 17.29% 145.83 121.36 20.16% 138.77 117.34 18.26% 135.67 115.56 17.40%
PBT 170.68 201.31 -15.22% 59.77 67.40 -11.32% 87.73 55.67 57.59% 161.59 87.50 84.67%
Tax 36.99 53.23 -30.51% 8.88 17.76 -50.00% 20.59 14.73 39.78% 41.41 23.18 78.65%
PAT 133.69 148.08 -9.72% 50.89 49.64 2.52% 67.14 40.94 64.00% 120.18 64.32 86.85%
PATM 4.33% 5.84% 1.97% 2.25% 2.90% 2.04% 5.05% 3.10%
EPS 6.00 6.65 -9.77% 2.29 2.23 2.69% 3.01 1.84 63.59% 5.40 2.89 86.85%

Description Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var%
Net Sales 0.00 2,590.28 -100.00% 0.00 2,242.85 -100.00% 2,363.72 0.00 0 2,427.59 0.00 0
Expenses 0.00 2,229.45 -100.00% 0.00 2,018.40 -100.00% 2,108.19 0.00 0 2,102.62 0.00 0
EBITDA 0.00 360.83 -100.00% 0.00 224.45 -100.00% 255.53 0.00 0 324.97 0.00 0
EBIDTM 0.00% 13.93% 0.00% 10.01% 10.81% 0.00% 13.39% 0.00%
Other Income 0.00 3.92 -100.00% 0.00 8.52 -100.00% 2.96 0.00 0 4.26 0.00 0
Interest 0.00 43.38 -100.00% 0.00 47.88 -100.00% 33.12 0.00 0 37.53 0.00 0
Depreciation 0.00 137.13 -100.00% 0.00 126.54 -100.00% 146.45 0.00 0 144.17 0.00 0
PBT 0.00 184.24 -100.00% 0.00 58.55 -100.00% 78.92 0.00 0 147.53 0.00 0
Tax 0.00 49.05 -100.00% 0.00 15.54 -100.00% 18.34 0.00 0 37.99 0.00 0
PAT 0.00 135.19 -100.00% 0.00 43.01 -100.00% 60.58 0.00 0 109.54 0.00 0
PATM 0.00% 5.22% 0.00% 1.92% 2.56% 0.00% 4.51% 0.00%
EPS 0.00 6.07 -100.00% 0.00 1.93 -100.00% 2.72 0.00 0 4.92 0.00 0

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Net Sales 10,364.07 9,959.22 8,699.76 7,990.40 7,246.97 6,370.36 5,551.26 5,308.33 4,760.30 4,287.37 4,197.59 Net Sales Growth 17.41% 14.48% 8.88% 10.26% 13.76% 14.76% 4.58% 11.51% 11.03% 2.14% Cost Of Goods Sold 7,317.41 6,949.86 6,031.56 5,619.03 5,183.07 4,408.30 3,791.64 3,760.99 3,342.57 3,083.75 3,048.98 Gross Profit 3,046.66 3,009.36 2,668.20 2,371.37 2,063.89 1,962.06 1,759.62 1,547.34 1,417.73 1,203.62 1,148.61 GP Margin 29.40% 30.22% 30.67% 29.68% 28.48% 30.80% 31.70% 29.15% 29.78% 28.07% 27.36% Total Expenditure 9,190.29 8,785.71 7,689.65 7,091.44 6,545.53 5,649.05 4,749.33 4,758.26 4,318.85 3,915.72 3,819.58 Power & Fuel Cost - 324.63 292.31 256.47 207.72 163.36 127.26 129.93 110.97 84.67 101.83 % Of Sales - 3.26% 3.36% 3.21% 2.87% 2.56% 2.29% 2.45% 2.33% 1.97% 2.43% Employee Cost - 301.14 247.32 226.21 223.68 210.02 184.77 167.71 155.92 140.84 126.97 % Of Sales - 3.02% 2.84% 2.83% 3.09% 3.30% 3.33% 3.16% 3.28% 3.28% 3.02% Manufacturing Exp. - 487.03 428.32 358.33 327.70 317.28 234.78 250.57 198.33 146.80 150.27 % Of Sales - 4.89% 4.92% 4.48% 4.52% 4.98% 4.23% 4.72% 4.17% 3.42% 3.58% General & Admin Exp. - 179.63 176.03 160.71 157.69 153.43 114.86 125.93 167.58 150.10 114.01 % Of Sales - 1.80% 2.02% 2.01% 2.18% 2.41% 2.07% 2.37% 3.52% 3.50% 2.72% Selling & Distn. Exp. - 506.70 484.65 437.20 417.39 368.02 280.36 304.66 318.90 297.56 268.04 % Of Sales - 5.09% 5.57% 5.47% 5.76% 5.78% 5.05% 5.74% 6.70% 6.94% 6.39% Miscellaneous Exp. - 36.72 29.46 33.49 28.28 28.64 15.66 18.48 24.57 12.00 268.04 % Of Sales - 0.37% 0.34% 0.42% 0.39% 0.45% 0.28% 0.35% 0.52% 0.28% 0.23% EBITDA 1,173.78 1,173.51 1,010.11 898.96 701.44 721.31 801.93 550.07 441.45 371.65 378.01 EBITDA Margin 11.33% 11.78% 11.61% 11.25% 9.68% 11.32% 14.45% 10.36% 9.27% 8.67% 9.01% Other Income 12.00 16.83 19.56 22.58 10.56 9.81 5.76 8.65 6.05 8.32 6.79 Interest 134.46 146.30 181.89 154.18 125.92 106.63 108.28 105.85 85.72 87.64 70.20 Depreciation 571.55 573.58 470.48 409.49 361.52 310.77 295.00 296.48 200.59 173.64 142.87 PBT 479.77 470.46 377.30 357.87 224.56 313.72 404.40 156.39 161.18 118.68 171.73 Tax 107.87 114.26 98.49 90.60 58.70 65.47 130.82 44.12 46.34 27.84 36.33 Tax Rate 22.48% 24.29% 26.10% 25.32% 26.14% 20.87% 32.35% 28.21% 28.75% 23.46% 21.16% PAT 371.90 356.20 278.81 267.27 165.86 248.25 273.58 112.27 114.85 90.84 135.39 PAT before Minority Interest 371.90 356.20 278.81 267.27 165.86 248.25 273.58 112.27 114.85 90.84 135.39 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 3.59% 3.58% 3.20% 3.34% 2.29% 3.90% 4.93% 2.11% 2.41% 2.12% 3.23% PAT Growth 22.75% 27.76% 4.32% 61.14% -33.19% -9.26% 143.68% -2.25% 26.43% -32.90% EPS 16.70 15.99 12.52 12.00 7.45 11.15 12.28 5.04 5.16 4.08 6.08

Description TTM Mar 25 Mar 24
Net Sales - 8,699.76 7,990.40 Net Sales Growth - 8.88% Cost Of Goods Sold - 6,031.56 5,619.03 Gross Profit - 2,668.20 2,371.37 GP Margin - 30.67% 29.68% Total Expenditure - 7,689.65 7,091.44 Power & Fuel Cost - 292.31 256.47 % Of Sales - 3.36% 3.21% Employee Cost - 247.32 226.21 % Of Sales - 2.84% 2.83% Manufacturing Exp. - 428.32 358.33 % Of Sales - 4.92% 4.48% General & Admin Exp. - 176.03 160.71 % Of Sales - 2.02% 2.01% Selling & Distn. Exp. - 484.65 437.20 % Of Sales - 5.57% 5.47% Miscellaneous Exp. - 29.46 33.49 % Of Sales - 0.34% 0.42% EBITDA - 1,010.11 898.96 EBITDA Margin - 11.61% 11.25% Other Income - 19.56 22.58 Interest - 181.89 154.18 Depreciation - 470.48 409.49 PBT - 377.30 357.87 Tax - 98.49 90.60 Tax Rate - 26.10% 25.32% PAT - 278.81 267.27 PAT before Minority Interest - 278.81 267.27 Minority Interest - 0.00 0.00 PAT Margin - 3.20% 3.34% PAT Growth - 4.32% EPS - 12.52 12.00

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Shareholder's Funds 1,944.52 1,717.56 1,572.25 1,440.68 1,108.77 1,021.51 904.48 804.68 365.53 348.61 Share Capital 22.28 22.28 22.28 22.28 21.56 21.56 16.17 15.98 15.22 15.22 Total Reserves 1,922.24 1,695.28 1,549.97 1,418.40 1,087.20 999.95 888.31 788.70 350.31 333.39 Non-Current Liabilities 1,902.57 2,011.83 1,880.59 1,541.52 1,381.45 758.10 852.47 542.70 570.91 397.67 Secured Loans 675.14 934.44 930.54 742.89 784.46 529.09 600.74 502.39 542.07 369.35 Unsecured Loans 0.00 0.00 25.00 37.50 0.00 6.67 13.33 0.00 0.00 0.00 Long Term Provisions 835.85 691.04 578.72 438.66 368.64 0.00 0.00 0.00 0.00 0.00 Current Liabilities 1,389.71 1,801.83 1,840.59 1,148.34 1,410.97 1,337.42 957.31 898.46 1,095.18 841.44 Trade Payables 328.00 252.71 188.33 184.50 146.59 140.02 142.06 177.63 171.43 170.03 Other Current Liabilities 697.91 772.61 752.96 563.79 685.18 615.40 512.92 482.43 454.65 347.49 Short Term Borrowings 343.41 757.37 884.66 387.88 570.98 566.13 296.69 234.22 466.99 320.49 Short Term Provisions 20.39 19.14 14.64 12.17 8.21 15.88 5.64 4.17 2.11 3.44 Total Liabilities 5,236.80 5,531.22 5,293.43 4,130.54 3,901.19 3,117.03 2,714.26 2,245.84 2,031.62 1,587.72 Net Block 3,492.71 3,273.58 2,766.72 2,614.59 2,409.63 1,929.10 1,755.78 1,407.81 1,216.61 991.37 Gross Block 5,902.42 5,209.64 4,367.02 4,045.72 3,562.61 2,867.80 2,434.54 1,825.74 1,444.81 1,091.38 Accumulated Depreciation 2,409.71 1,936.06 1,600.30 1,431.13 1,152.99 938.70 678.77 417.94 228.20 100.01 Non Current Assets 4,514.60 4,395.65 3,702.93 3,415.45 3,101.64 2,399.06 2,215.98 1,705.10 1,546.64 1,167.59 Capital Work in Progress 58.62 284.37 238.40 254.50 237.08 384.44 354.57 233.15 259.34 90.27 Non Current Investment 43.48 37.22 30.44 20.61 13.51 8.30 0.12 0.12 0.13 0.25 Long Term Loans & Adv. 905.67 798.45 667.37 525.75 441.42 77.22 105.51 64.02 70.58 85.69 Other Non Current Assets 1.90 2.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Current Assets 722.20 1,135.57 1,590.50 715.08 775.84 717.97 498.28 540.73 484.97 420.13 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 591.47 996.31 1,452.32 576.25 609.17 569.77 373.96 403.41 383.73 296.53 Sundry Debtors 4.77 8.16 10.06 7.80 7.78 9.07 14.55 8.25 7.05 40.96 Cash & Bank 51.19 71.01 53.32 41.93 39.67 39.25 44.70 36.41 32.84 55.32 Other Current Assets 74.77 14.03 12.68 8.44 119.22 99.88 65.07 92.67 61.35 27.32 Short Term Loans & Adv. 62.35 46.06 62.12 80.67 107.90 89.68 55.52 68.83 38.76 18.38 Net Current Assets -667.51 -666.26 -250.09 -433.26 -635.13 -619.45 -459.03 -357.73 -610.20 -421.31 Total Assets 5,236.80 5,531.22 5,293.43 4,130.53 3,877.48 3,117.03 2,714.26 2,245.83 2,031.61 1,587.72

Description Mar 25 Mar 24
Shareholder's Funds 1,717.56 1,572.25 Share Capital 22.28 22.28 Total Reserves 1,695.28 1,549.97 Non-Current Liabilities 2,011.83 1,880.59 Secured Loans 934.44 930.54 Unsecured Loans 0.00 25.00 Long Term Provisions 691.04 578.72 Current Liabilities 1,801.83 1,840.59 Trade Payables 252.71 188.33 Other Current Liabilities 772.61 752.96 Short Term Borrowings 757.37 884.66 Short Term Provisions 19.14 14.64 Total Liabilities 5,531.22 5,293.43 Net Block 3,273.58 2,766.72 Gross Block 5,209.64 4,367.02 Accumulated Depreciation 1,936.06 1,600.30 Non Current Assets 4,395.65 3,702.93 Capital Work in Progress 284.37 238.40 Non Current Investment 37.22 30.44 Long Term Loans & Adv. 798.45 667.37 Other Non Current Assets 2.03 0.00 Current Assets 1,135.57 1,590.50 Current Investments 0.00 0.00 Inventories 996.31 1,452.32 Sundry Debtors 8.16 10.06 Cash & Bank 71.01 53.32 Other Current Assets 60.09 12.68 Short Term Loans & Adv. 46.06 62.12 Net Current Assets -666.26 -250.09 Total Assets 5,531.22 5,293.43

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Cash From Operating Activity 1,556.54 1,450.20 -71.45 741.17 576.38 517.92 551.93 375.04 277.08 432.77 PBT 470.46 377.30 357.87 224.56 275.38 364.15 156.39 161.18 118.68 171.73 Adjustment 710.57 641.84 542.76 478.32 423.81 417.53 398.06 283.40 254.72 209.69 Changes in Working Capital 503.32 542.91 -847.96 102.70 -17.27 -169.08 22.80 -34.96 -65.00 88.53 Cash after chg. in Working capital 1,684.35 1,562.05 52.67 805.58 681.93 612.60 577.25 409.62 308.40 469.94 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -127.81 -111.85 -124.12 -64.41 -105.55 -94.68 -25.31 -34.58 -31.32 -37.18 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -434.67 -882.30 -388.45 -440.80 -565.12 -418.30 -537.07 -342.82 -522.86 -568.85 Net Fixed Assets -467.03 -888.59 -305.20 -500.53 -547.45 -463.13 -730.22 -354.74 -522.50 -16.93 Net Investments -6.26 -6.78 -9.83 -7.10 -5.21 -8.18 0.00 0.01 0.12 0.01 Others 38.62 13.07 -73.42 66.83 -12.46 53.01 193.15 11.91 -0.48 -551.93 Cash from Financing Activity -1,130.22 -564.15 473.52 -300.36 -8.22 -106.24 -6.83 -31.08 222.92 162.16 Net Cash Inflow / Outflow -8.35 3.75 13.62 0.00 3.04 -6.62 8.04 1.15 -22.85 26.07 Opening Cash & Equivalents 57.73 50.73 37.11 37.11 34.07 40.69 32.65 31.50 54.35 28.28 Closing Cash & Equivalent 49.38 57.73 50.73 37.11 37.11 34.07 40.69 32.65 31.50 54.35

Description Mar 25 Mar 24
Cash From Operating Activity 1,450.20 -71.45 PBT 377.30 357.87 Adjustment 641.84 542.76 Changes in Working Capital 542.91 -847.96 Cash after chg. in Working capital 1,562.05 52.67 Interest Paid 0.00 0.00 Tax Paid -111.85 -124.12 Other Direct Exp. Paid 0.00 0.00 Extra & Other Items 0.00 0.00 Cash From Investing Activity -882.30 -388.45 Net Fixed Assets -888.59 Net Investments -6.78 Others 13.07 Cash from Financing Activity -564.15 473.52 Net Cash Inflow / Outflow 3.75 13.62 Opening Cash & Equivalents 50.73 37.11 Closing Cash & Equivalent 57.73 50.73

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Book Value (Rs.) 87.28 77.09 70.57 64.68 50.49 46.52 41.96 37.77 17.77 16.95 ROA 6.62% 5.15% 5.67% 4.13% 7.07% 9.38% 4.53% 5.37% 5.02% 9.86% ROE 19.45% 16.95% 17.74% 13.01% 23.31% 28.41% 13.14% 19.63% 25.44% 46.81% ROCE 17.40% 14.60% 15.21% 12.29% 15.99% 22.58% 13.33% 14.12% 14.07% 22.30% Fixed Asset Turnover 1.79 1.82 1.90 1.91 1.98 2.09 2.49 2.91 3.38 3.78 Receivable days 0.24 0.38 0.41 0.39 0.48 0.78 0.78 0.59 2.04 2.42 Inventory Days 29.10 51.37 46.33 29.85 33.77 31.03 26.73 30.18 28.94 27.92 Payable days 15.25 13.34 12.11 11.66 11.87 13.58 12.03 14.86 15.51 14.78 Cash Conversion Cycle 14.08 38.40 34.63 18.59 22.39 18.23 15.48 15.90 15.47 15.56 Total Debt/Equity 0.69 1.22 1.44 1.00 1.54 1.39 1.32 1.28 3.55 2.64 Interest Cover 4.22 3.07 3.32 2.78 3.94 4.73 2.48 2.88 2.35 3.45

Description Mar 25 Mar 24 Mar 10 Mar 09
Book Value (Rs.) 77.09 70.57 2.78 2.70 ROA 5.15% 9.28% 0.68% 3.30% ROE 16.95% 32.88% 5.28% 22.80% ROCE 14.60% 24.32% 12.05% 14.34% Fixed Asset Turnover 1.82 3.33 3.28 3.94 Receivable days 0.38 0.54 3.56 3.09 Inventory Days 51.37 34.47 13.59 10.05 Payable days 13.34 7.68 14.24 14.52 Cash Conversion Cycle 38.40 27.34 2.90 -1.39 Total Debt/Equity 1.22 1.44 5.88 4.02 Interest Cover 3.07 3.32 1.42 1.93

Top Investors:

sbi focused equity fund various schemes

malabar india fund limited

sriram vaidyanathan

investor education and protection fund (iepf)

Annual Reports:

News Update:

Hatsun Agro Product - Quarterly Results
22nd Jul 2026, 00:00 AM

Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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